Acquisitions

9 Months Ended

Sep. 30, 2013

Acquisitions

9. Acquisitions

On October 1, 2012, the Company acquired all of the issued and outstanding capital stock of Avid Health, Inc. (“Avid Health”) for $652.8 million. The final fair values of the net assets acquired in 2012 for Avid Health, including the current measurement period adjustments to fair value, are as follows:

(In millions)	Acquisition Date Preliminary Fair Value			Measurement Period Adjustments			Adjusted Acquisition Date Fair Value
Inventory	$	38.5		$	0.3		$	38.8
Accounts receivables, net		29.6			(0.3	)		29.3
Other current assets		1.9			0.0			1.9
Property, plant and equipment		33.4			(1.8	)		31.6
Long-term assets		0.0			1.4			1.4
Tradenames and other intangibles		376.9			(14.7	)		362.2
Goodwill		345.4			8.4			353.8
Total Assets	$	825.7		$	(6.7	)	$	819.0
Other current liabilities		(19.3	)		(0.2	)		(19.5	)
Deferred income taxes		(154.1	)		7.4			(146.7	)
Purchase Price	$	652.3		$	0.5		$	652.8

These amounts were not retrospectively adjusted as of December 31, 2012 as the amounts are not material. Pro forma results for the three and nine months ended September 30, 2012 reflecting the Avid Health acquisition are presented below.

	Three Months Ended				Nine Months Ended
Consolidated pro forma results	September 30, 2012				September 30, 2012
(In millions, except per share data)	Reported		Pro forma		Reported		Pro forma
Net Sales	$	725.2	$	788.7	$	2,112.2	$	2,296.3
Net Income	$	93.9	$	99.4	$	269.0	$	286.8
Net Income per share - Basic	$	0.67	$	0.71	$	1.92	$	2.04
Net Income per share - Diluted	$	0.66	$	0.70	$	1.88	$	2.00